Average price of electricity DOUBLES in Spain on Saturday, April 1

On Saturday, April 1, the average price of electricity in Spain increases by 105 per cent.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 5.65 per cent on Saturday, April 1, compared to today, Friday, March 31. Specifically, it will stand at €33.99/MWh.

According to the operator of the Iberian Energy Market (OMIE), in the auction, the cost of energy in the wholesale market – the so-called ‘pool’ – will stand at €33.99 /MWh tomorrow.

Monday’s cheapest time will be between the hours of 3pm and 7pm, at €4.16 /MWh, while the most expensive will be between midnight and 1am, at €82.19/MWh.

Compensation for gas companies of €0/MWh is added to this pool price for the 34th consecutive day. It must be paid by
consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC), or those who, despite being on the free market, have an indexed rate.

The average accumulated price of the ‘pool’ for the month of March stands at €89.60/MWh, which represents a decrease of almost 33 per cent compared to February.

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